Steady increase in non-trade cooperation faceted flower

2009, subject to the international financial crisis, China and Africa bilateral trade has been in eight consecutive years after the rapid growth of the downturn. 2009 year end at China-Africa cooperation forum at the fourth Ministerial Conference of the Central African economic and trade cooperation, inject new impetus into the world economy and trade of both warmed up for Sino-African trade growth provides the Foundation. According to the African Development Bank 13 release of the latest report, Sino-African trade has already achieve new growth, but also reveals the many faces of flower development momentum.

This document entitled the China-Africa trade and investment, the report noted that since China-Africa trade in 2008 for the first time after the $ 100 billion, 2009 China become Africa's largest trading partner, accounting for non-trading in the foreign proportion of the total amount increased by 2 per cent to 4 per cent of Africa's total foreign trade, from 4 per cent to 10 per cent.

At the same time, Chinese investment in Africa is increasing, investment projects more than 4000, China to Africa investment enterprises about 2000 family, investment projects across Africa, agriculture, mining, manufacturing, infrastructure, Commerce, and other fields.

African Development Bank market research department in charge of the Lyons · NDIKUMANA, as China's economic size and the continuous expansion of domestic demand, exports to China in Africa continues to increase, this addition for African products offers extensive overseas markets, but also for the African manufacturing and export industry participation in the international competition offers opportunities and challenges.

Report data show that Europe is still the largest destination for African exports, but its specific gravity is determined by the 1990s by 50 per cent to the current 30%, while the African exports to China increased year after year, the ratio has been more than on other Asian countries the proportion of exports.

In 2000, sub-Saharan African countries, only 5 per cent of exports to China, this proportion grows to 13.4 2007. Over the past 10 years, the African exports to China double, of which Angola achieved exports to China trade in African exports to China in occupies lower than the maximum to $ 34 per cent, South Africa to 20 per cent in the second place. China's non-export destinations are mainly concentrated in South Africa, Egypt, Nigeria, Algeria, Morocco and other countries.

It is worth noting that in July this year, in order to further open their markets to African commodity, promoting African commodity exports to China, China has decided on 26 African least developed countries, 60 per cent of product eliminating tariffs, African LDCs benefit from anti-Chinese duty-free goods from a tax before 478 to 4700 multiple tax items. In addition, the 2010 after three years, the Chinese Government will gradually give all Africa and China established diplomatic relations in 95 per cent of the least developed countries duty-free treatment of products.

In addition to the export volume growth, Africa's China export commodities in recent years also in the "new". The report noted that at present, 70 percent of African exports to China are crude oil and agricultural products. Culture and tourism product output becomes the new African exports to China. Chinese exports to non-38 percent for the production and transport equipment, machinery, there are 30 per cent for other manufacturing industry products, the former is China's support for African infrastructure provides the critical protection.

The African Development Bank economists REMSU Lee · en skube pointed out that the level of textile from household appliances to the machinery of all kinds of Chinese products at bargain prices, very much in line with the African enterprises and consumers of basic production needs, is the economic development of African countries to achieve the necessary foundation material.

In addition to the growth of bilateral trade, investment, particularly in infrastructure investment has become the Central African economic and trade cooperation. Over the past 10 years, China's average annual increase in non-investment amounted to 46 percent, water conservancy, electric power, information and communication technologies as well as new energy development and utilization is gradually becoming China's new focus on non-investment. Only in 2007, China's total non-investment projects hydroelectric $ 33 billion, the project is put into production is expected to enable African power supply upgrade 30 per cent. In addition, China in Ethiopia, Sudan and Ghana and other countries in the field of information and communication with a total investment of nearly $ 3 billion today.

En skube says that China's non-infrastructure investment "everywhere", while the developments in the field of economic growth in Africa, national unity, the key to regional integration. Especially for those affected by geographical constraints of African landlocked countries, the constant improvement of infrastructure will open up the Africa regional economy, the market potential.

This year, as exports rebound and commodity price rises, the African economic growth is expected to rebound to 4.5%, 2011 to 5.2 per cent. African National Union, Vice Chairman of the Tambo · Elizabeth library say: "the African economy is recovering, and China's trade cooperation to developing countries in Central Africa, the continent provides broad export markets, Africa urgently needs to go out of the dilemma, we hope that the Chinese Government and businesses to work with us in different areas for greater collaboration. "